Budget Gaps, Backlogs Spur States To Tap More P3 Opps

Law360 (May 15, 2018, 2:04 PM EDT) -- The Trump administration's push to have local governments shoulder a bigger share of their infrastructure project costs will likely inspire more states and municipalities to tap private investors to get their most crucial projects financed, built and delivered.

Budget shortfalls and a growing backlog of aging infrastructure have heightened local officials' awareness of how public-private partnerships can be used to fund construction, spurring more states and localities to enact legislation allowing them to partner with private developers to get airport, highway, transit, bridge and other infrastructure projects off the ground faster.

"[It's] the result of a lot of education, exposure and...

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